K2 Principal Fund L.P. Takes $425,000 Position in Camtek Ltd. $CAMT

K2 Principal Fund L.P. purchased a new stake in Camtek Ltd. (NASDAQ:CAMT) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 4,000 shares of the semiconductor company’s stock, valued at approximately $425,000.

Other institutional investors have also made changes to their positions in the company. Daiwa Securities Group Inc. increased its holdings in shares of Camtek by 202.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 299 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 200 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Camtek in the 3rd quarter valued at approximately $32,000. Global Retirement Partners LLC bought a new stake in shares of Camtek in the 4th quarter valued at approximately $52,000. Rothschild Investment LLC bought a new stake in shares of Camtek in the 3rd quarter valued at approximately $54,000. Finally, Advisors Asset Management Inc. increased its holdings in shares of Camtek by 61.6% in the 1st quarter. Advisors Asset Management Inc. now owns 769 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 293 shares during the last quarter. 41.93% of the stock is currently owned by institutional investors.

Camtek Trading Up 5.0%

NASDAQ:CAMT opened at $193.27 on Friday. Camtek Ltd. has a 12-month low of $70.07 and a 12-month high of $215.99. The firm has a market capitalization of $8.86 billion, a P/E ratio of 222.15, a P/E/G ratio of 4.64 and a beta of 1.54. The company has a debt-to-equity ratio of 0.71, a current ratio of 8.35 and a quick ratio of 7.46. The business has a 50 day simple moving average of $177.22 and a 200 day simple moving average of $152.17.

Camtek (NASDAQ:CAMT) last announced its quarterly earnings results on Tuesday, May 12th. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.01. Camtek had a return on equity of 22.26% and a net margin of 9.63%.The company had revenue of $121.66 million during the quarter, compared to analyst estimates of $120.15 million. During the same quarter in the previous year, the firm posted $0.79 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts predict that Camtek Ltd. will post 3.14 EPS for the current year.

Wall Street Analysts Forecast Growth

CAMT has been the subject of a number of research analyst reports. Needham & Company LLC boosted their price target on Camtek from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Jefferies Financial Group boosted their price target on Camtek from $185.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $145.00 price target on shares of Camtek in a report on Wednesday, February 18th. Weiss Ratings upgraded Camtek from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 14th. Finally, Barclays boosted their price objective on Camtek from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Wednesday, May 13th. Seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.33.

Camtek Company Profile

Camtek Ltd. (NASDAQ: CAMT) is a provider of automated inspection and metrology solutions for the semiconductor and printed circuit board (PCB) industries. The company develops, manufactures and markets a suite of inline and stand-alone systems that perform high?resolution 2D and 3D measurements, defect review and process control. Its products are used by integrated device manufacturers, foundries, OSAT (outsourced semiconductor assembly and test) providers, and PCB fabricators to optimize yield, improve product quality and reduce production costs.

Camtek’s core offerings include wafer inspection systems that detect and classify defects on patterned wafers, patterned wafer metrology tools for overlay and critical dimension measurements, and advanced packaging inspection platforms for 3D ICs and fan-out wafer-level packaging.